L&T Q2 net profit zooms 42 per cent to Rs1,137 crore

Engineering and construction major Larsen & Toubro has reported a 42-per cent increase in its after-tax (net)  profit for the quarter ended September 2012, at Rs1,137 crore against a net profit of Rs798.39 crore reported in the quarter ended September 2011.

Recurring profit after tax (PAT) for the quarter stood at Rs915 crore, recording an increase of 15 per cent over the corresponding quarter of the previous year. After considering certain exceptional and extra-ordinary items of income, the overall PAT for the quarter stood at Rs1,137 crore, an increase of 42 per cent.

Gross revenue for the fiscal second quarter (July-September 2012-13) rose 17 per cent year-on-year to Rs13,328 crore against Rs11,244.16 crore in the second quarter of the 2011-12 financial year.

L&T said international sales constituted about 21 per cent of its gross sales turnover for the quarter.

Despite the slump in business amidst the economic downturn, L&T reported order flows of Rs20,967 crore – sustaining an impressive 30 per cent y-o-y growth momentum seen during the first quarter of the current financial year.

Major orders came from building and factories, infrastructure and hydrocarbon sectors, L&T said in a release.